Southern Missouri Bancorp, Inc. (SMBC) To Go Ex-Dividend on February 14th

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) declared a quarterly dividend on Tuesday, January 21st,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.23 per share by the savings and loans company on Friday, February 28th. This represents a $0.92 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Friday, February 14th.

Southern Missouri Bancorp has raised its dividend by an average of 6.9% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Southern Missouri Bancorp has a payout ratio of 16.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Southern Missouri Bancorp to earn $5.70 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 16.1%.

Southern Missouri Bancorp Price Performance

Shares of NASDAQ SMBC opened at $61.53 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.98 and a quick ratio of 0.98. The firm’s 50 day simple moving average is $58.96 and its 200-day simple moving average is $58.28. Southern Missouri Bancorp has a 12 month low of $39.00 and a 12 month high of $68.69. The stock has a market capitalization of $694.06 million, a price-to-earnings ratio of 13.43 and a beta of 0.99.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its quarterly earnings results on Monday, February 3rd. The savings and loans company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.23 by $0.07. Southern Missouri Bancorp had a net margin of 17.72% and a return on equity of 10.56%. Analysts expect that Southern Missouri Bancorp will post 5.06 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SMBC. Keefe, Bruyette & Woods cut their price target on Southern Missouri Bancorp from $70.00 to $68.00 and set a “market perform” rating for the company in a research note on Thursday, January 30th. Piper Sandler boosted their price objective on Southern Missouri Bancorp from $62.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Stephens reiterated an “overweight” rating and set a $76.00 target price on shares of Southern Missouri Bancorp in a research report on Tuesday, January 28th.

Insiders Place Their Bets

In related news, Director Douglas Bagby sold 7,000 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $59.08, for a total transaction of $413,560.00. Following the transaction, the director now directly owns 21,000 shares in the company, valued at approximately $1,240,680. The trade was a 25.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 16.60% of the stock is owned by company insiders.

About Southern Missouri Bancorp

Southern Missouri Bancorp, Inc operates as the bank holding company for Southern Bank that provides banking and financial services to individuals and corporate customers in the United States. The company offers deposits products, including interest-bearing and noninterest-bearing transaction accounts, saving accounts, certificates of deposit, retirement savings plans, and money market deposit accounts.